Dominican Republic Economic Activity

Dominican Republic: Economic activity decelerates further in March

June 11, 2015

In March, economic activity increased 6.0% over the same month last year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica). The expansion was a slight slowdown over the 6.2% increase observed in the previous month and marked the slowest increase since July 2013.

In addition, the trend deteriorated in March, with annual average growth in economic activity inching down from 7.1% in February to 7.0%, thus reaching the lowest value in 10 months.

The government’s 2015 budget projects that the economy will grow 5.0% in 2015. FocusEconomics Consensus Forecast participants see the economy growing 3.8% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect economic growth to pick up to 4.0%.

The Dominican Republic’s economy continued to grow at an elevated pace in July, with economic activity rising 6.5% according to the Central Bank’s monthly indicator for economic activity (IMAE, Indicador Mensual de Actividad Económica).

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